SparkCognition

SparkCognition builds leading artificial intelligence solutions to advance the most important interests of society. We help customers analyze complex data, empower decision making, and transform human and industrial productivity with award-winning machine learning technology and expert teams focused on defense, IIoT, and finance.

Press Releases

SAN FRANCISCO, Dec. 12, 2017 /PRNewswire/ -- CB Insights today named SparkCognition to the prestigious AI 100, a select group of promising private companies working on groundbreaking artificial intelligence technology. CB Insights CEO and co-founder Anand Sanwal will reveal the full list of the second annual AI 100 companies at the A-ha!conference in San Francisco.

"Last year's AI 100 enjoyed amazing success in the year since earning this recognition. 55 of them went onto raise additional funding nearing $2B and 5 were acquired."

"This year's list was culled from 1000+ applications and looks even more impressive. These are companies using artificial intelligence in industries from drug discovery and cybersecurity to robotics and legal tech. I'm happy that CB Insights is able to shine a light on the founders and companies that will revolutionize these industries and look forward to seeing what they do in 2018 and beyond." said CB Insights CEO Anand Sanwal.

The CB Insights research team selected the AI 100 companies based on criteria, examining company-submitted data and the company's Mosaic Score. The Mosaic Score, based on CB Insights' National Science Foundation-funded algorithm, measures the overall health and growth potential of private companies. Through this evidence-based, statistically-driven approach, the Mosaic Score can help predict a company's momentum, market health and financial viability.

"We are honored to be named to CB Insights AI 100 for the second year," said Amir Husain, Founder & CEO of SparkCognition. "As a company devoted to advancing the art and science of artificial intelligence, we're proud to be deploying leading AI solutions for our customers and partners. The past year has been marked by significant growth on all fronts, and we look forward to continuing the trend in 2018."

Companies such as Zoox, Shield AI, Zest Finance, Dynamic Yield, and Appier joined SparkCognition in being recognized for their innovative technology in front of an audience of 400 senior innovation executives from around the world and news outlets including The Financial Times, CNBC, Reuters, Bloomberg, and the Washington Post.

As a distinguished leader in artificial intelligence, SparkCognition builds AI solutions for applications in oil and gas, utilities, manufacturing, finance, aerospace, telecommunications, defense, and security. Through an oversubscribed initial series B round, SparkCognition received more VC funding in 2017 than any other company in Austin, was recently named the Fastest Growing Company in Central Texas by the Austin Business Journal, and ranked 20th on the 2017 CNBC Disruptor 50 list. The company has continued adding customers and partners to an already impressive list including Mitsubishi Hitachi Power Systems, Boeing, Flowserve, Dover Energy Automation, Honeywell, the US DOE, and DIUx, among others.

Quick facts on the AI 100:

These 100 emerging private companies have raised $6.6B across 99 deals in 2017.

Applications of their technology include breakthroughs in fintech, digital health, auto tech, robotics, and much more.

More than 1,000 companies were nominated or applied and only 9% were selected.

Eleven AI 100 companies have reached a valuation of $1B or more.

Thirty-three companies on the list were also on the list for 2017, with 67 new companies making it for 2018.

Nine countries are represented among the AI 100 companies.

The AI 100 Companies (in alphabetical order):

AEYE

CrowdFlower

Liulishuo

SenseTime

Affirm

CrowdStrike

MAANA

Shape Security

Afiniti

Cybereason

Merlon Intelligence

Sher.pa

AiCure

Darktrace

Mighty AI

Shield AI

Algolia

DataRobot

Mobalytics

Shift Technology

Amplero

Deep Sentinel

Mobvoi

Socure

Anki

Descartes Labs

MOOGsoft

SoundHound

Appier

Drive.ai

Mya Systems

SparkCognition

Applitools

Dynamic Yield

Mythic

Sportlogiq

Appthority

Element AI

Narrative Science

Tamr

Aquifi

Endgame

NAUTO

Tempus Labs

Arterys

Face++

Neurala

Text IQ

babylon

Flatiron Health

Numerai

Textio

Benson Hill Biosystems

FLYR

Obsidian Security

Tractable

Brain Corporation

Foghorn Systems

Onfido

Trifacta

Bytedance

Freenome

Orbital Insight

Twiggle

C3 IoT

Gong

OrCam Technologies

UBTECH Robotics

Cambricon

Graphcore

Osmo

Upstart

Cape Analytics

InsideSales.com

PerimeterX

Versive

Captricity

Insight Engines

Petuum

Vicarious Systems

Casetext

Insilico Medicine

Preferred Networks

Workey

Cerebras Systems

Invoca

Primer

WorkFusion

CloudMinds

Kindred Systems

Prospera

ZestFinance

CognitiveScale

KYNDI

Recursion Pharmaceuticals

Zoox

Conversica

LeapMind

Reflektion

Zymergen

About CB Insights Our team builds technology that helps corporations guess less and win more. We aggregate and analyze terabytes of data and use machine learning, algorithms and data visualization to help corporations replace the three Gs (Google searches, gut instinct and guys with MBAs*) so they can answer massive strategic questions using probability not punditry.

About SparkCognition SparkCognition is a global leader in cognitive computing analytics. A highly awarded company recognized for cutting-edge technology, SparkCognition develops AI-powered software for the safety, security, and reliability of IT, OT, and the IoT. The company has business-critical AI enterprise solutions in place for customers in energy, oil and gas, manufacturing, finance, aerospace, defense, telecommunications, and security. For more information on the company, its technology and team, please visit http://www.sparkcognition.com.

AUSTIN, Texas, Feb. 20, 2018 /PRNewswire/ -- SparkCognition, one of the world's fastest growing artificial intelligence (AI) companies, released its final Series B Funding numbers with an official close of $56.5 million in 2017. In June 2017, the company announced an initial Series B raise of $32.5 million, led by Verizon Ventures and key participation from The Boeing Company, through its Boeing HorizonX unit. Additional investors participating in the final Series B close were CME Ventures, Brevan Howard Investment Holdings Limited, Invenergy Future Fund, and Cisco veterans, former CEO and Executive Chairman, John Chambers, and former EVP and Chief Development Officer, Pankaj Patel. One additional investor, an American global financial services company and one of the largest asset management firms in the world, also participated in the round.

"We are grateful for the many successes to date, but SparkCognition is still in the very early phases of realizing its potential as a transformative company," said Amir Husain, Founder and CEO of SparkCognition. "We are honored to gain numerous industry leading investors and receive support as we rapidly grow to take our place at the forefront of the 'AI 3.0' revolution."

Since its launch in 2014, SparkCognition has established itself as a global AI leader. The Austin-based company is deploying advanced machine learning technology to customers in energy, oil and gas, manufacturing, finance, aerospace, defense, and security.

"SparkCognition is building leading technology that is relevant on a global scale," said John Chambers, CEO of purpose-driven VC firm JC2 Ventures and Chairman Emeritus of Cisco Systems. "I am impressed by the company's vision to lead the 'AI 3.0' revolution and believe SparkCognition's potential for future growth is astronomical. I am looking forward to working closely with them as a partner and mentor of digital innovation."

The Invenergy Future Fund seeks to invest in industry-leading technology companies that are making the energy and industrial verticals more affordable, reliable and secure. According to Amy Francetic, Managing Director of the Invenergy Future Fund, "SparkCognition brings tremendous value to power and industrial operators through the company's SparkPredict machine learning diagnostics technology. The Invenergy Future Fund is proud that Invenergy and other forward-leaning members of our network are now piloting the technology on nearly 1,100 turbines across the United States."

The Invenergy Future Fund and the undisclosed investor spearheaded the final round of the Series B raise, reconfirming SparkCognition as the most VC-funded Austin-area company in 2017. This capital raise supports SparkCognition's growth and affirms the company's leadership in the artificial intelligence field.

In 2017, SparkCognition ranked #20 on the CNBC Disruptor 50 list and was named the fastest-growing company in Central Texas by Austin Business Journal for holding the highest compounded annual growth rate since 2014. SparkCognition's funding achievement is yet one more signal the forward-thinking company continues to lead the industry in AI innovation and impact.

About SparkCognition A highly awarded company recognized for cutting-edge artificial intelligence technology, SparkCognition offers business critical solutions for enterprise customers in energy, oil and gas, manufacturing, finance, aerospace, telecommunications, defense, and security. For more information on the company, its technology, and team, please visit www.sparkcognition.com.

AUSTIN, Texas, April 11, 2018 /PRNewswire/ -- SparkCognition, one of the global leaders in artificial intelligence (AI) technologies, announced its international expansion to the UAE, as the company officially launched its new Dubai office yesterday. The launch event included dignitaries and industry leaders from the USA, UAE, and SparkCognition's partners in the region, such as Boeing Middle East.

"We are pleased to launch our regional headquarters in the UAE," said Amir Husain, Founder and CEO of SparkCognition. "In our discussions with the senior-most leadership of the UAE, we have been incredibly impressed by their drive to transform the country into a significant global AI player. They continue to illustrate their commitment to technological leadership, and we share their vision of rapid and exponential technological advancement. We hope our presence and investment here will further that aim, while bringing the world's leading IIoT AI platform to our clients and partners in the region."

The company's expansion to Dubai comes shortly after the organization announced its official Series B financing of $56.5 million, which confirmed SparkCognition as having raised the most venture capital funding in Central Texas in 2017. With SparkCognition's 2017 funding, Boeing HorizonX venture arm joined Verizon Ventures, Invenergy, CME Ventures, Brevan Howard, and Alameda Ventures, among other investors. Boeing and SparkCognition have gone on to establish a significant technology partnership solidified by a master agreement between the two organizations. Boeing's strong, established presence in the Middle East and Africa will extend their partnership globally.

"As part of their international expansion, we are honored to have SparkCognition launch their regional headquarters in Dubai," said His Excellency Omar bin Sultan Al Olama, Minister of State for Artificial Intelligence. "This expansion cements UAE's and in specific Dubai's vision in becoming a leading hub for cutting-edge technology in the field of artificial intelligence. Moreover, the launch compliments the UAE's Strategy for Artificial Intelligence which aims to build global relationships and attract best talents to design a better future for the UAE."

"SparkCognition is deploying leading AI technology solutions that are critical to many industries on a global scale. Boeing is excited to see them quickly expand into the Middle East with their first office in Dubai," said Bernard Dunn, President of Boeing Middle East, North Africa and Turkey. "The UAE has clear goals to be an innovation and technology leader, investing in AI, 3D printing, robotics, and autonomous systems. SparkCognition's cutting-edge artificial intelligence technology and business-critical solutions will prove invaluable to the forward looking leaders of the UAE and many others in the region."

Founded in 2013, SparkCognition has since established itself as one of the global leaders in artificial intelligence, with hundreds of successfully proven deployments across various Fortune 50, 100, and 500 customers. The company was named to the 2017 Red Herring Top 100 Global, 2017 CNBC Disruptor 50, and 2017 and 2018 CB Insights AI 100.

"SparkCognition's opening is another example of the vibrant cooperation between the United States and the United Arab Emirates in the field of information technology and artificial intelligence," said Steven Bondy, Chargé d'Affaires, United States Embassy in the UAE. "With the UAE on the cutting edge of smart city development, we look forward to continued partnership in this important area. The UAE remains a prime focus for American high-tech companies, as we continue to bring the latest in solutions to this important market."

SparkCognition's customers are transforming lives, infrastructure, and financial systems across the globe. Those organizations turn to SparkCognition to transform their systems through world-leading artificial intelligence solutions to accomplish their missions. The company's AI solutions help customers navigate increasingly complex data stores to expose hidden risks, reveal actionable insights, and achieve their greatest potential. SparkCognition's technology is deployed across a variety of industries, including energy, oil and gas, manufacturing, finance, aerospace, telecommunications, defense, and security.

"SparkCognition's rapid growth and expansion comes as a result to the organization's unparalleled technology and innovation in the artificial intelligence field," said Bruce Porter, two-time Chair of The University of Texas Department of Computer Science and Chief Science Officer at SparkCognition. "The company's commitment to advance the art and science of AI will only continue to impact its customers in the UAE."

About SparkCognition A highly awarded company recognized for cutting-edge artificial intelligence technology, SparkCognition offers business critical solutions for enterprise customers in energy, oil and gas, manufacturing, finance, aerospace, telecommunications, defense, and security. For more information on the company, its technology, and team, please visit www.sparkcognition.com.

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From lease agreements and partner contracts to run tickets, purchaser statements, and transaction reports; DeepNLP makes unstructured data accessible for oil and gas organizations to focus on high-value business decisions. DeepNLP uses advanced machine learning techniques to automate the retrieval of information, classification of documents, and analysis of content. DeepNLP retrieves complex information from free text in documents through semantic understanding of data to accelerate and improve information search. DeepNLP automatically classifies and analyzes documents to surface insights that improve decisions and support compliance of control and audit processes. This approach seamlessly integrates into existing workflows to organizations to better respond to changes in their business and quickly get answers that support decision making. This enables upstream organizations to extract value from their unstructured data without requiring data science or programming expertise to minimize operating expenses, reduce the risk of human errors, and gain visibility into processes.

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Darwin amplifies the potential of in-house talent by accelerating the data science process through the automation of time-consuming tasks such as preparing data sets, performing latent relationship extraction, and optimizing models. Darwin automatically selects the most optimal data science techniques and model architectures to solve a problem based on input data and target outputs. This is possible thanks to a patented approach that blends evolution and backpropagation optimizations to quickly iterate through thousands of solutions and reach highly accurate results in less time. Darwin can build supervised and unsupervised learning models that are suitable to predict maintenance and production events in oil and gas applications. Finally, Darwin’s technology makes artificial intelligence explainable by offering more context within generated solutions instilling confidence in predictions.

Industrial maintenance is critical to keep O&G operations running safely and productively but many companies still use practices that are error-prone and inefficient. Valuable sensor data is becoming increasingly available and, with AI-based analytics, operations teams can detect more machine problems with more precision. Award-winning SparkPredict® delivers leading, machine learning predictive analytics solutions that help operations teams evolve maintenance to maximize asset availability and reduce costs across the O&G value chain. First, SparkPredict equips teams with the capabilities to find problematic behaviors that have never been observed before. This is important for O&G companies because dynamic operating climates and conditions have unique effects on asset integrity and behavior. SparkPredict also surfaces the leading failure indicators so that maintenance crews can streamline repair processes with information about what, how, and why the asset is failing. Lastly, SparkPredict continuously learns and improves over time so that you can maintain prediction accuracy and remain confident in your long-term maintenance operations.